GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
One thing to note about the broker note on diamonds is that their calculation appears to be on 50 cpht. That is the very low end of range, and as they note is conservative. Typically in marange contiguous licenses recorded grades in the range of 50-500cpht and typically 100-200cpht and average prices of $80/ct. So plenty of upside potential if the cpht are more in line with the typical values. If those values end up nearer 100 cpht then EBITDA increases considerably.
Magura Neagra is a fantastic resource body. However the size of it would take a substantial amount of money to get going. VAST are right to leave this on the back burner for now. BP once operational will provide much needed profits to the company. Diamonds, when/if we finally get that JV will also lead to a relatively quick turn around to producing profits. Once these two are operational it changes VAST's dynamics significantly. I'd imagine once these have been up and running for 8-12months producing positive cash flow then VAST will be able to switch attention to MN.
Sharealot - the ZCDC have said that the deal will be done before YE..Whether it will or not we wait and see, but that info is out in the public. Minsters are known to drag their feet, and something as delicate as Marange, and ensuring the community is involved due to past transgressions there, is something that has to be done right, to ensure all parties are happy. All we know as SH's is that BP and Diamonds are meant to be done by YE according to the ZCDC and the company. We are not at YE yet, so there is plenty of time for this to all happen. Its frustrating as this should be an exciting period in VAST's life, yet uncertainty is clouding this excitement. If it happens as SH's we hope then there is plenty more upside. The risks are as always delays and uncertainty.
https://www.263chat.com/vast-deal-imminent-zcdc-boss/
ZCDC chief says final deal already agreed with VAST, only sticking issues are awaiting on the line ministries. He said they want this done before YE and are just on the final stages of the process.
https://www.manicapost.co.zw/zanu-pf-conference-manicaland-exudes-optimism/
The conference will be held from the 10th to 15th of December under the theme “Modernise, Mechanise and Grow the Economy towards Vision 2030”.
So it looks like somethings might be kicking off next week in Zim….Bring those diamonds home VAST!!
Work continues to get BP into production
https://twitter.com/vast_resources/status/1200061020145881094
gkb - I really think this RNS was going to be finalised either way, before or after the mou diamond deal. The 5 year deal timing suggests to me that there is more than Chiadzwa concession available in Zim and up for grabs. VAST have all the historic drilling surveys of Marange from when they were AFCR - which are invaluable to knowing where possibly other large diamond sites are, but they also need the expertise offered by BOD. The Gov will know VAST have this historic data too. As to why VAST don't mention when the signing possibly would be, well that's obvious - they are not going to commit to a date which could come back to bite them. Lesson learned.
Caterham - that's called just making things up as it suits your narrative.
All the minsters have said the VAST deal is happening, VAST and BOD are confident its happening, all the press in Zim have said its happening...But you pick something out your backside and claim that's true...DOH...It must be true then.
I expect buyers to return here as we approach what should be a transformational month for VAST. There is obvious nervousness and doubt in some investors minds whether AP will deliver BP and diamonds next month, but I'd imagine that would be overtaken by traders willing to take a chance that if it does (which I'd imagine the odds are more favourable) then there will be a very good return on investment. If you sit on the sidelines and this news drops you will be paying much much more.
Kefi has a wonderful asset in Ethiopia, but again its years away from going into production. I'd imagine it will climb on funding and the study, then fall away in time until closer to going to production. Virtually every miner follows this trajectory - buy on hype of big find, sell on realisation that production is miles way and funding is needed (this happened to VAST from .7 to 0.11 this last year), rise on realisation that its about to start producing. That's why at the moment I like VAST so much, production just around the corner with BP, and also the hype of diamond mou. A double whammy. It also helps that with alluvial diamond mining actual production is also just around the corner for diamonds too.
Bunsen - very big difference with Rainbow and VAST. Rainbow will start exploring and assaying, then they'll need to get money and build processing plants - they are months and months away from actually digging anything up for selling for profit. VAST will have BP up and running around YE - which will instantly start creating profit, and with the diamonds - VAST will go for the alluvials first, they are ready to hit the ground running. They will be bulk sampling as they assay the area - guess what that means they'll be digging up diamonds as they go along proving the area. VAST are also financed to do this. VAST also know what they've got - BP has min 1.8mt resource at 6% Cu, and the diamonds they know what they've got from previous work as AFCR. Rainbow are yet to even prove what they've got. Its like night and day comparison.
I expect some point next week people will start taking positions in VAST as we approach the time when the heritage claim could land, plus for some updates on BP. Still confident if Zim and AP deliver we'll be substantially higher within a few weeks.